The Finance Committee meeting held on September 24, 2025, in Millis, Massachusetts, addressed several pressing issues affecting the community, particularly concerning flood zone management and the funding of Other Post-Employment Benefits (OPEB).

One of the primary discussions revolved around the impact of updated flood lines established by FEMA. These changes could significantly affect local homeowners, particularly regarding insurance costs. Planning Director Bob Weiss has engaged with residents to address their concerns, highlighting the potential challenges for developing certain commercial and industrial zones along Route 109. The committee is considering appealing these flood line adjustments to mitigate their effects on local businesses and property owners.

Another critical topic was the biennial OPEB actuarial study, which is mandated by law. The committee discussed the necessity of this study, which costs approximately $8,200, and the importance of transferring funds into the OPEB trust fund. This transfer typically ranges from $50,000 to $100,000 each fall, depending on the availability of free cash. The committee acknowledged that many towns, including Millis, are significantly underfunded in their OPEB commitments, primarily related to retiree health care. The ongoing effort to allocate funds to this area is seen as essential for gradually addressing the funding shortfall.

The meeting also included a commitment to provide further details about the firm conducting the OPEB study, ensuring transparency and accountability in the process. The Finance Committee's discussions reflect a proactive approach to managing both immediate community concerns regarding flood management and long-term financial obligations related to retiree benefits. As these issues evolve, the committee's actions will be crucial in shaping Millis's financial health and community resilience.